MobiBank® - Second-Generation Neobank Announces Major Milestones: New Partnerships, Shareholder Growth, Global Expansion and Pre-Series A-Round

Oct 2

Helsinki, Finland – 2nd October 2024 – Finnish startup MobiBank®, a second-generation Neobank, is gearing up to take on major players like Revolut, Monzo, and Starling by providing accessible and affordable mobile banking solutions to hundreds of millions of people along the Great Green Wall of Africa. This marks a significant step in MobiBank’s mission to drive financial inclusion across underserved regions.

Finnish Government support

MobiBank® received its initial funding from the Finnish Government – a significant vote of confidence in its groundbreaking approach and confidence in its future growth. One notable shareholder expressed his belief that MobiBank® could be “the new Nokia”.

Disrupting traditional banking

MobiBank's entry into the market is deeply rooted in leveraging the latest technology in the fastest and most cost-efficient way possible. This is something that traditional financial institutions cannot achieve, due to their rigid structures and high fixed costs, which they are bound to maintain for historical reasons. MobiBank’s approach ensures value and benefits for all customers, regardless of the financial size of their accounts.

Joint Venture with European Financial Powerhouse

MobiBank® has finalized a remarkable joint venture with one of the most highly regarded money transfer, crypto trading, and investment powerhouses in the European Union. This strategic partnership will immediately elevate MobiBank’s service offering, enabling it to tap into a massive customer base while launching international operations. The collaboration paves the way for MobiBank® to offer secure, fast, and cost-effective global money transfers—unlocking a new era of financial inclusion for people worldwide.

MobiBank® Selected as a Top Innovator by MasterCard

In a prestigious recognition, MobiBank® was selected from 1,500 companies to be one of MasterCard’s top 15 innovative companies in the world. This accolade highlights MobiBank's commitment to transforming the financial technology landscape and bringing innovative solutions to the global market.

Smartphones for the Masses: U.S. Partnership Deal

In a groundbreaking move, MobiBank® has also secured a deal with a leading U.S. mobile phone manufacturer to produce smartphones starting from $85 pre-installed with the MobiBank® app. These devices, designed to bring mobile banking to the underserved, will be distributed through partner networks to people in the USA, Africa, the Middle East, North America, South America, and India. This initiative is expected to boost financial access by providing millions of people with affordable devices equipped to facilitate secure banking transactions.

Significant Shareholder Growth

In just a few short weeks, MobiBank® has welcomed 10 new shareholders, solidifying investor confidence and creating fresh opportunities for capital injection. The enthusiasm from investors highlights the company’s strong market position and promising future.

Media Spotlight: Global Coverage Incoming

MobiBank® has an ambitious plan to gain international media coverage across TV and social media platforms. This media exposure is expected to boost MobiBank’s brand visibility, reinforcing its status as a game-changer in the fintech industry.

A Bright Future Ahead

With these achievements, MobiBank® is well-positioned to take its innovative banking solutions to the next level. "The foundation is strong, and with our talented team and strategic partners, we are ready to execute our ambitious plans," said Jussi Teeriaho, Founder of MobiBank®. "This is just the beginning. We have the vision and resources, and now is the time to roll up our sleeves and make it all happen."

As MobiBank® continues its journey of growth, the company remains focused on transparency, collaboration, and delivering high-value financial services to underserved markets around the world. With its global expansion plans underway, MobiBank® is poised to redefine the future of banking.

Pre-Series A-Round Now Open

MobiBank® is pleased to announce that its Pre-Series A-Round is now underway, providing an exciting opportunity for investors to become part of the company’s growth journey. With increasing market traction, global expansion plans, and strategic partnerships, the Pre-Series A-Round will help fuel further innovation and scale. The company has already gained significant interest from investors, with 10 new shareholders joining in the last few weeks.

—

MobiBank® (www.mobibank.fi) is a premier global financial services firm dedicated to providing cutting-edge banking solutions and personalized financial services to clients worldwide. With a focus on innovation, integrity, and client-centricity, MobiBank® is committed to driving financial success and delivering unparalleled value to its stakeholders.

Kind Regards,
Jussi Teeriaho
Founder & CEO

MobiBank®

Investor Contact
Henry Forelius
Partner – Global Head of Investor Relations
Email: henry@mobibank.fi
Phone: +46 73 372 0800

www.mobibank.fi

www.mobibank.us

Announcements:
https://www.mobibank.fi/announcements

Founder’s story:

https://www.mobibank.fi/founders-story

video:

https://www.youtube.com/watch?v=1w7F90WX4Ao&t=7s

interview:

https://vocal.media/journal/ceo-talks-with-jussi-teeriaho